paytanic

Paytanic is a digital payment platform that combines blockchain technology with traditional banking infrastructure to provide a secure, low‑cost transfer system for small and medium enterprises. The service was launched in 2021 by a consortium of fintech startups and regional banks with the goal of reducing the transaction fees that are typically levied on cross‑border payments. Paytanic operates through a web portal and a mobile application, enabling users to send and receive funds in multiple currencies, automatically converting money at market rates, and settling transactions in near real time. Items such as bill processing, payroll, and e‑commerce checkout can be integrated via an API that is compatible with common accounting software.

The platform’s core technology employs a permissioned blockchain to record transactions, while a traditional payment network processes the final settlement of funds, thereby ensuring compliance with local banking regulations. Its escrow service allows parties to hold money until contract terms are met, reducing the risk for merchants and consumers alike. Paytanic also offers a loyalty rewards program that distributes points redeemable for transaction fee discounts or third‑party services.

Paytanic’s user base spans over 30 countries, with most activity concentrated in the Asia‑Pacific and European markets. According to quarterly reports, the platform processed more than 10 million transactions in 2024, generating a fee revenue of $48 million. The company has received regulatory approval in the United Kingdom, Singapore, and Germany, and is pursuing a listing on the Nasdaq Capital Market. Its founding partners include the Global Payments Consortium and the startup incubator FinTech Hub.